The New York Post carried a column this morning by me on the errors in the New Deal. One that I’ve been thinking about lately, and that I haven’t given enough attention yet, is the question of high labor costs. In a recent column Paul Krugman talks about how FDR’s New Deal had a limited success, especially in the second half of the 1930s, because FDR didn’t spend enough.

In the Bloomberg, I talk about the lost liberalism to which Republicans might return. This is the case for classical liberalism. Some think Americans are too thick to get the concept of classical liberalism. I do not share that view. By focusing on social conservatism, the GOP neglected lots of its own in this campaign. Politics as a result lost a great one: Heather Wilson of New Mexico.

One of the things people like about President-elect Obama is that he doesn’t fit that neatly into any interest-group category, as I discuss in this Forbes.com article….When candidates fit too neatly into categories, voters know that they will be forgotten if they don’t fit into a category. The best explanation for Obama’s performance was that he was not exclusive, as Hillary Clinton was. The voter felt remembered, and remembered therefore to betake himself to the polls.

One of the books I’ve been paging through this week is Jordan Schwarz’s Interregnum of Despair. number #1,747,384 in Books on Amazon as I write. It should be higher for it is about a period like the one we are just entering, the period after election day and before inauguration. Another author, Robert Higgs, has written about the uncertainty that government can cause when it isn’t clear what government is going to do.